Filing Flows › Copart (CPRT) › Q4 FY25
Copart (CPRT) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Sep 26, 2025
Copart (CPRT) reported revenue of $1.1B for the fourth quarter fiscal 2025 (Q4 FY25), +5% from a year earlier and -7% from the quarter before. Operating margin was 36.7%, net earnings $396M (35.2% of revenue).
Copart, Q4 FY25: revenue $1.1B (+5% year over year), operating margin 36.7%, net earnings $396M, operating cash flow $438M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -7% | +5% |
| Operating profit | $413M | -9% | +15% |
| Net earnings | $396M | -3% | +23% |
| Operating cash flow | $438M | -37% | -0.2% |
| Free cash flow | $351M | -39% | +16% |
What changed
Revenue was $1.1B in Q4 FY25, up 5% year over year and down 7% from the previous quarter. Service revenues was the largest line at 85% of revenue.
Operating profit was $0.41B, a 36.7% margin (up 3.0 points year over year). Of the extra revenue versus a year earlier, 95% reached operating profit, above the 34% margin then. Total costs grew 0% against revenue growth of 5%. Net earnings were $0.40B, up 23% year over year. The effective tax rate was 17.4%.
Operating cash flow was $0.44B (roughly flat year over year), 111% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.09B left free cash flow of $0.35B.
Questions
What was Copart's revenue in the fourth quarter fiscal 2025?
Copart (CPRT) reported revenue of $1.1B for the fourth quarter fiscal 2025 (Q4 FY25), +5% from a year earlier and -7% from the quarter before.
Was Copart profitable in the fourth quarter fiscal 2025?
Operating profit was $413M (36.7% of revenue) and net earnings $396M.
Source: Copart 10-K on SEC EDGAR.